Mumbai, July 12: India's second-largest software services exporter Infosys Ltd (B0M:500209) reported 33% rise in its April-June quarter net profit at Rs 22.04 billion as compared to Rs 16.54 billion reported in corresponding quarter last fiscal. In previous quarter (Jan-Mar) the company's net profit was at Rs 27.59 billion.
Infosys' total Income has increased 28% to Rs 93.68 million for the reporting quarter from Rs 73.2 million reported in corresponding quarter of FY12. The company's profit grew driven mainly by surge in demand for outsourcing services and a fall in the rupee.
Segment wise Infosys', with clients like Bank of America, BT Group and GlaxoSmithKline Plc, revenue from financial services and insurance (FSI) grew 25% to Rs 31.22 billion over Rs 24.97 reported in corresponding quarter, Manufacturing enterprises (MFG) revenue grew 38% on-year to Rs 18.82 billion, Energy, utilities and telecommunication services (ECS) revenue grew 20% on-year to Rs 17.59 billion and Retail, logistics, consumer product group, life sciences and health care
enterprises (RCL) revenue grew 33% on-year to Rs 21.46 billion.
For India's $100 billion-a-year IT and back-office outsourcing industry the debt crisis in Eurozone and lower than expected recovery of US economy is big worry as order book of all big IT players are in static state.
Infosys stock on Bombay Stock Exchange reacted negatively and at 10:30 am stocks were trading down 9.18% at Rs 2,240.
Mumbai, July 12: India's second-largest software services exporter Infosys Ltd (B0M:500209) reported 33% rise in its April-June quarter net profit at Rs 22.04 billion as compared to Rs 16.54 billion reported in corresponding quarter last fiscal. In previous quarter (Jan-Mar) the company's net profit was at Rs 27.59 billion.
Infosys' total Income has increased 28% to Rs 93.68 million for the reporting quarter from Rs 73.2 million reported in corresponding quarter of FY12. The company's profit grew driven mainly by surge in demand for outsourcing services and a fall in the rupee.
Segment wise Infosys', with clients like Bank of America, BT Group and GlaxoSmithKline Plc, revenue from financial services and insurance (FSI) grew 25% to Rs 31.22 billion over Rs 24.97 reported in corresponding quarter, Manufacturing enterprises (MFG) revenue grew 38% on-year to Rs 18.82 billion, Energy, utilities and telecommunication services (ECS) revenue grew 20% on-year to Rs 17.59 billion and Retail, logistics, consumer product group, life sciences and health careenterprises (RCL) revenue grew 33% on-year to Rs 21.46 billion.
For India's $100 billion-a-year IT and back-office outsourcing industry the debt crisis in Eurozone and lower than expected recovery of US economy is big worry as order book of all big IT players are in static state.
Infosys stock on Bombay Stock Exchange reacted negatively and at 10:30 am stocks were trading down 9.18% at Rs 2,240.
